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Use the Following to Answer Questions

Question 2

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Use the following to answer questions:
Figure: Rent Controls Use the following to answer questions: Figure: Rent Controls   -(Figure: Rent Controls)  Look at the figure Rent Controls. If rent controls are set at Rent<sub>0</sub>, renters would be willing to pay a price at least as high as: A)  Rent<sub>4</sub> for Q<sub>0</sub> units. B)  Rent<sub>4</sub> for Q<sub>1</sub> units. C)  Rent<sub>3</sub> for Q<sub>1</sub> units. D)  No one would be willing to pay a higher actual price than Rent<sub>0</sub>.
-(Figure: Rent Controls) Look at the figure Rent Controls. If rent controls are set at Rent0, renters would be willing to pay a price at least as high as:


A) Rent4 for Q0 units.
B) Rent4 for Q1 units.
C) Rent3 for Q1 units.
D) No one would be willing to pay a higher actual price than Rent0.

Correct Answer:

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